Arab Bank Counsel Says Terror Liability Appeal Can't Wait

Law360, New York (September 24, 2014, 5:30 PM EDT) -- The lead attorney for Arab Bank PLC on Wednesday said he wants the Second Circuit to scrutinize Monday's landmark jury verdict holding the bank liable for supporting terrorism, telling Law360 foreign policy concerns and judicial economy cry out for appellate review despite a lack of any final judgment.

DLA Piper litigator Shand Stephens says he believes, as do some other legal experts, that a number of potential flaws in the trial court proceedings increase the odds that the now-completed liability phase could be knocked out on review.

With damages-phase discovery and possibly multiple trials for some 300 American Anti-Terrorism Act claimants...

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